A rare and highly sought-after opportunity to secure an entire block of three units on one title, perfectly positioned just two streets back from the beach. This high-performing investment offers immediate rental income with impressive potential for growth through value-adding upgrades. Whether you're an investor seeking strong yields, future redevelopment value, or a low-maintenance addition to your portfolio, this property delivers.Current Rental Income & Market Potential: 1/44 Stephanie Ave • Current Rent: $380/week • Market Rent: Approx. $420/week 2/44 Stephanie Ave • Current Rent: $350/week • Market Rent: Approx. $420/week 3/44 Stephanie Ave • Current Rent: $400/week • Market Rent: Approx. $420/week Key Features - An entire block of 3 units on one title - All units currently tenanted - Significant upside with simple cosmetic upgrades - Strong rental demand in a premium coastal location - Two streets from the beach - highly desirable for tenants and future buyers - Ideal long-term hold, Airbnb opportunity (STCA), or redevelopment site Investor Highlights- Solid current rental return- Attractive uplift potential from bringing all units to market rent- Outstanding location ensuring continuous high occupancy- Very limited supply of full unit blocks on single titles near the beach Don't miss this exceptional opportunity to secure a high-performing coastal investment with strong future growth potential
A modest, mid‑20th century single‑storey beach cottage that has been subdivided into three near‑identical units. Architecturally it has low originality or heritage value — its main strengths are location and redevelopment potential rather than design quality.
Key Architectural Features
very close beachfront location / coastal settingsingle-storey mid‑century cottage formconfigured as three near-identical self-contained unitsdetached rear laundry / storage roomlong side driveway with multiple parking spacesrecently updated bathroom(s) but dated kitchens and finishes
